Bitcoin often gets accused of being a Ponzi scheme, which I don't believe is true.
However, Bitcoin mining is looking more and more like it all the time...
Topic: STOP BUYING MINING HARDWARE - page 4. (Read 6019 times)
Funny, I can't remember the thread, but I remember this being discussed earlier.
Bitcoin often gets accused of being a Ponzi scheme, which I don't believe is true.
However, Bitcoin mining is looking more and more like it all the time...
Bitcoin often gets accused of being a Ponzi scheme, which I don't believe is true.
However, Bitcoin mining is looking more and more like it all the time...
I am not really into bitcoin mining but its nice to know this informations
Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
Nope. No mining necessary.
If you believe BTC will spike to $1200, then buy it now at $376.76. No need to risk hardware purchases or electricity costs.
Hasn't the myth of mixing currency speculation (i.e. wishful thinking) and mining been so thoroughly debunked that it's beyond reasonable doubt?
+++1 Home mining is dead. Sorry folks.
Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
Nope. No mining necessary.
If you believe BTC will spike to $1200, then buy it now at $376.76. No need to risk hardware purchases or electricity costs.
Hasn't the myth of mixing currency speculation (i.e. wishful thinking) and mining been so thoroughly debunked that it's beyond reasonable doubt?
I made money mining, but it was shit "OK" money and I'm not mining now.
#MiningSucks
#MiningSucks
...
Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.
Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.
...
Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.
Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.
...
I can name one; solar panels. You plug them in, hit a button and the power company uses their network connected meter to calculate how much they owe you. Eventually you'll ROI.
Spend 5k on preorder which ships in Dec. ( maybe ) and never roi or buy 13 btc now.... hmmm... remember math?
No.
YES!!! Invest in tin foil hats. They will be far more investment worthy!!!
SHUT IT DOWN REPTILIAN BRAINS!
It really is all about greed, because if everyone did the math and homework, they'd see there's no shot in hell at mining for profit.
please shut off that greedy lizard brain for one moment
SHUT IT DOWN REPTILIAN BRAINS!
It really is all about greed, because if everyone did the math and homework, they'd see there's no shot in hell at mining for profit.
please shut off that greedy lizard brain for one moment
SHUT IT DOWN REPTILIAN BRAINS!
It really is all about greed, because if everyone did the math and homework, they'd see there's no shot in hell at mining for profit.
Just stop it. People, this is madness. There nothing worth buying, and by buying a dream you allow these companies to give BTC a bad name.
If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.
Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.
Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.
BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it.
If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.
Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.
Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.
BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it.
^this!!!
Understood- the current state of mining does not provide a satisfactory return.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
But what happens IF btc spikes to 1200us? Then everyone who bought in will look like a genius.
And then the whole cycle will start up again.
TU and repped and bumped and thanked and whatever else one can do on a forum
Sticky please 
Just stop it. People, this is madness. There nothing worth buying, and by buying a dream you allow these companies to give BTC a bad name.
If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.
Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.
Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.
BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it.
If you arent paying the foundry to fabricate the wafers and putting chips on boards yourself, THERE IS NO PROFIT IN BITCOIN MINING.
Its just smoke and mirrors, please shut off that greedy lizard brain for one moment and think about how many companies sell items that are worth more than their purchase price outside of the bitcoin world just by plugging them into the wall/internet and hitting a button.
Thats right, zero. Its a great con, people want to believe in easy money, and theres a sucker born every minute.
BUMP this if you have lost BTC/fiat trying to mine, or have a preorder which wont ever ROI if you ever even receive it.
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